As a former investor in Armtec, I note today that stock price has lost another dollar to sink below $3. Despite the restructuring of its senior financing bringing Brookfield in for $125 million to replace the previous senior financing, the problems persist with this Guelph-based company.

It’s not the product babe, it’s the operational problems that have handcuffed the company following its dazzling acquisition binge of the last three years.

The solution? Dump the under-performers, cut staff, reduce the debt and raise prices.

Easier said than done. But the alternative is already here and threatening.

Does Brookfield know something that the shareholders don’t know? Just asking.

This is a textbook case of taking a $25 stock and managing it down to under three bucks.